So, what is the overall cost of an average solar system, and how to the personal economics pencil?
Due to the national and international push towards cleaner energy, there are several incentives right now on a national and local level to help home owners “go solar”. Incentives include the federal tax credit (FTC), which are currently set to be 26% in 2021 and 2022, but also include local incentives, such as Austin Energy’s $2500 solar rebate program, which allows you to reduce the overall system cost almost instantly (for more information about local incentives, please check out our Solar Rebates Page.
That said, our average cost of solar systems in Texas in 2020 after accounting for the Federal Tax Credit, ranges on average (based on a number of factors) between $3.00 – $4.00 / watt. This means that if you are looking to buy a 10kW system, you would be looking to spend roughly $30,000 – $40,000 total on your solar panel system – depending upon your particular roof style and quality of panels, and before taking into account the 26% Federal Tax Credit (this total cost estimate also does not include local incentives or utility net metering policies, which is where the real savings from solar are accrued).
By allowing one of our SUNTEX advisors to do a complete energy audit of your home and energy usage, we can help you determine what your energy bill would look like if you decided to go solar, and see if you qualify for any additional efficiency upgrades, and how to better save money on your energy bill and any other roofing or home improvement projects we can assist you with.